An e-commerce lifer — granted, that’s less than 20 years — Stormy Simon can’t imagine doing anything else for a career. As president of Overstock.com, the Salt Lake City-based online retailer of home goods, furniture, women’s and men’s apparel, jewelry, electronics and a host of other products, Simon relishes the opportunity to come to work each day in such a dynamic, fast-paced industry. From temp worker to leading a company of 1,500 employees, it’s been quite a 14-year journey for Simon at Overstock.
In a move echoing the founding days of Overstock.com, the company has purchased the entire inventory of online jewelry company Bidz.com, out of foreclosure. "We don't want to lose sight of where we come from," said Overstock President Stormy Simon. "When we have opportunities to bring our customers extraordinary deals like this, we make it happen." Several Brink's armored trucks transported the high-end jewelry, which was estimated at more than $89 million, from California to Overstock's Utah distribution center in preparation for sale on the website.
Patrick Byrne has relinquished his role as chairman of Overstock.com and Stormy Simon was named president of the online discount retailer. Byrne will continue to serve as CEO while current executive vice chairman Jonathan Johnson assumes the chairman responsibilities Byrne has held since 2006. Johnson's prior responsibilities as corporate secretary will be assumed by Mark Griffin, who serves as senior vice president and general counsel. Simon, who previously served as co-president of the company, was named president and retains her seat on the board, while David Nielsen will continue in his role as co-president.
SALT LAKE CITY — Overstock.com has named two co-presidents, Stormy Simon and David Nielsen. A longtime officer and director of the company, Simon previously served as senior vice president in charge of customer and partner care. As co-president, Simon...
/PRNewswire/ -- Overstock.com, Inc. (Logo: http://photos.prnewswire.com/prnh/20110427/LA90048LOGO) Ms. Abraham and Mr. Mitchell were already serving on the Board. Ms. Abraham has been on the Board since 2002 and Mr. Mitchell has served on the Board since 2010. Ms. Simon is currently an Overstock Senior Vice President in charge of Customer Care, Branding and Partner Care. Patrick Byrne, Chairman and CEO of Overstock said, "We are pleased that Allison and Sam have agreed to continue their Board service. Their input and contribution has been enormously valuable. Stormy brings to the Board a wealth of experience from our executive team. She's built